SAN JOSE, Calif. AP – Mercury Interactive, one of the first companies to reveal its financial records were faulty because of stock options tampering, has agreed to pay $117.5 million to settle a group of lawsuits accusing the business software maker of duping investors, the company and shareholder lawyers said Monday.
The settlement in U.S. District Court in San Jose is Mercury’s latest effort to atone for its executives’ mishandling of stock options awards dating back to the 1990s and smooth the company’s integration into Hewlett-Packard Co. as part of a $4.9 billion acquisition completed last year.
